DETROIT--Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under$ 20, 000....
“ Not even close.” The scarcity of small cars at dealerships helps explain why the average new vehicle costs so much: Detroit's Big Three automakers — General Motors, Stellantis and Ford — began to jettison the compact and subcompact car business about five years ago....
Low profit margins for small cars and consumers' increasing shift
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2023-08-21 00:00:00.0